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South China Aluminum: Sellers Active in Moving Goods against Low Buying Interest
Jun 26,2012 14:38CST
smm insight
Source:SMM
SHFE aluminum prices fell the most among base metals, with bearish mood in spot aluminum market raising.

SHANGHAI, Jun. 26 (SMM) – Aluminum output increased and production cost at aluminum enterprises declined with the implementation of preferential policies in electricity pricing. In response, SHFE aluminum prices fell the most among base metals, with bearish mood in spot aluminum market raising. In South China, spot aluminum prices dropped RMB 100/mt to RMB 15,640-15,690/mt. Cargo holders were actively moving goods due to tight financing, but inquiries from downstream enterprises were rare, leaving transaction muted on the whole.

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South China aluminum
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